The digital divide affects small population centres in Canada because they lack investors with sufficient capital to establish digital media services they do not have the infrastructure to support hybrid technology they are not well-served by computer retailers they do not have the economies of scale attractive to media companies
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- In the past century, manufacturing facilities in the U.S. moved away from large market areas due to… increasing transportation costs and increasing wages in market areas. decreasing wages in market areas and weakening economies of scale in production in market areas. decreasing transportation costs and increasing wages in market areas. decreasing transportation costs and increasing economies of scale in production in market areas. increasing transportation costs and decreasing wages in market areas.TRUE or FALSE 14. Urbanization and localized economies lead to resource immobility 15. The most relevant advantage of locating a firm in an Industrial District is knowledge spillover. 16. The K -12 Program added years to basic education but Philippines student learning still lags behind many East Asian countries.Which of the following is true regarding arbitrage? It involves simultaneous transactions in two or more markets It creates and maintains a single global price for most tradeable commodities Today it is mostly conducted using supercomputers rather than person to person trades All of the above
- This question contains two parts and they are independent of each other. Part 1: During a year of operation, a firm collects $450,000 in revenue and spends $100,000 on labor expenses, raw materials, rent, and utilities. The firm’s owner has provided $750,000 of her own money instead of investing the money and earning a 10 percent annual rate of return. The accounting costs of the firm are $_______________ The opportunity cost is $_______________ Total economic costs are $_______________ Accounting profits are $_______________ Economic profits are $_______________ Part 2: Higher personal taxes in the U.S. will affect personal disposable income which in turn will affect the domestic demand for goods and services. Costs of production, however, continue declining resulting from outsourcing overseas. What do you expect the U.S. output and prices in the near future?…Which of the following describes accounting profits? Depreciation of fixed and variable assets Total revenue less explicit and implicit costs The difference between cash brought in and cash paid out Opportunity cost of resources previously owned Which of the following are based on both explicit and implicit costs? Economic profits Constant returns to scale Economies of scale Accounting profits The quantity demanded in the widget market is significantly greater than the quantity found at the bottom of the LRAC. Based on this information, which of the following is likely to occur? Only one firm will produce and sell widgets. Many firms will compete in the widget market. A monopoly will form in the widget industry. Most firms will experience diseconomies of scale. Market demand and the LRAC determine which of the following? The number of firms that will exist in an industry The number of firms with diseconomies of scale The level of output for…Several big, state-owned iron production plants are considered inefficient and a source of corruption by a country's finance minister. The government plans to auction a complete iron production facility to sell it to a strategic investor to raise funds for public expenditure and stimulate economic growth.This process exemplifies nationalization industrialization liberalization privatization centralization what is the best answer?
- It is possible for a company to be the lowest-cost producer in its industry and simultaneously have an output that is most valued by customers. Discuss this statement. Assess the impact of macroenvironmental factors on the likely level of enrollment at your university over the next decade. What are the implications of these factors for the job security and salary level of your professor please pick one and discuss.When deciding upon the optimal amount of capital, a firm will decide to purchase additional capital if (CV) When deciding upon the optimal amount of capital, a firm will decide to purchase additional capital if the cost of capital falls below the previous period's cost the marginal benefit of capital equals or exceeds the marginal cost of the capital the marginal benefit of capital is less than the marginal cost of the capital the additional capital will add necessitate hiring more laborA bank has two types of branches. A satellite branch employs 3 people, requires $400,000 to construct and open, and generates an average daily revenue of $10,000. A full-service branch employs 6 people, requires $560,000 to construct and open, and generates an average daily revenue of $18,000. The bank has up to $11.92 million available to open new branches and has decided to limit the new branches to a maximum of 25 and to hire at most 120 new employees. (a) How many branches of each type should the bank open to maximize the average daily revenue? Find the maximum average daily revenue. satellite branches = ?full-service branches = ?maximum revenue = $? (b) At the optimal solution from part (a), analyze the bank's constraints (number of new branches, number of new employees, and budget) to determine the "Amount Available," "Amount Used," and "Amount Not Used (Slack)." branchespossible = ?used = ?not used = ? employeespossible = ?used = ?not used = ?budgetpossible = $?…
- A furniture firm has the capability to producer chairs and tables. Management wants to evaluate whether producing both products or only one is better. Production and financial analysis show the following: Separate Production Approach Avg Cost of a table when ONLY tables are produced = 28 Avg Cost of a chair when ONLY chairs are produced = 18 Joint Production Approach Avg Cost of a table when BOTH tables and chairs are produced = 30 Avg Cost of a chair when BOTH tables and chairs are produced = 19 In economic terms, we would say the firm faces ______________. diseconomies of scope economies of scope economies of scale diseconomies of scale1- The world’s most innovative companies have largely created structures that remove structural barriers. They have established an innovation culture and improved their innovation capability. This refer to a) Process innovation b) Management innovation c) Organizational innovation d) Services innovation 2- If a company has a large variety of processes in the manufacturing and a low volume of jobs then the right type of “Product Process Type” would be…..… a) Project b) Jobbing c) Batch d) Mass 3- The various systems needed to ensure industrial plants operate smoothly to produce goods and services. Within such a system, operators monitor, control, and fix the components that help run everything from power plants to water refineries to manufacturing facilities. a) Process innovation b) New product lines c) Process technology d) Sequential modelSouth African electricity generation is dominated by a monopoly, ESKOM. Develop an economic intervention plan with measurable outcomes to permanently stop load shedding. Your plan should highlight its benefits and its consequences (intended and unintended) for the micro and macro economy. It should run for a period of two years.